Takeda Shire train wreck

KEY THOUGHT:  Takeda announced the sale overnight, with Shire’s board accepting Weber’s offer of £49 a share, which values the company at £46 billion. Now he’ll have to sell it to shareholders — which is not a given after Takeda saw its market cap plunge more than 20% during the talks.  Why did Takeda buy Shire?  Nothing more than a pissing match. Continue reading